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B+
NoAgentList RatingHow are grades calculated?Info
Days17Days on Market
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$489,000

3240 Chapel Downs Dr, Dallas, TX, 75229

$504,076 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,316 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.14 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Oven

Building Information

Garage Spaces2

About this property

Homes like this are becoming increasingly difficult to find. Lovingly cared for by the same owner for decades, this spacious Chapel Downs ranch offers the kind of original character and craftsmanship that many buyers are searching for today. Whether you're drawn to the nostalgia of its vintage details or excited to thoughtfully update it over time, this is a home that invites you to imagine what's next. Set on a quiet interior lot in one of Northwest Dallas' most established neighborhoods, the home offers a larger floor plan than many nearby properties, providing exceptional flexibility for today's lifestyle. Multiple living and dining spaces create room to spread out, entertain, or simply enjoy everyday life. The fourth bedroom is thoughtfully positioned away from the other three, making it an ideal home office, hobby room, nursery, or private guest space. One of the home's standout features is the expansive sunroom overlooking the backyard. It's the perfect place to enjoy morning coffee, read a book, or gather with family while enjoying views of the beautiful mature shade tree that anchors the outdoor space. The sunroom extends your living area year-round while creating a comfortable connection to the outdoors. For buyers who appreciate original design elements, this home offers a wonderful opportunity to preserve the features you love while updating at your own pace. Rather than paying a premium for someone else's renovation, you'll have the chance to create a home that reflects your own style and priorities. Chapel Downs continues to be one of Northwest Dallas' hidden gems, known for its mature trees, welcoming atmosphere, convenient location, and easy access to shopping, dining, major highways, and the Northaven Trail. Priced to reflect the opportunity for future personalization, this is your chance to create something truly special in one of Dallas' most desirable established neighborhoods.

Investor Tools

$0Estimated Mortgage Balance
$608,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$504,076
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,648 /month
Positive
Cash Flow Estimate:
$1,216 /month

Interested in this property?

Scott Carnes

Dave Perry Miller Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$829/month
No HOA
5.947%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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3240 Chapel Downs Dr | Property Details | No Agent List